September 18, 2009, 2009 (FinancialWire) — BCSB Bancorp, Inc. (NASDAQ: BCSB ) said that it will record a $2.3 million impairment charge during the three months ending September 30 to write off all goodwill recorded in connection with its acquisition in 2002 of WHG Bancshares Corp.

The goodwill impairment charge is a non-cash adjustment which has no affect on cash flows, liquidity or tangible capital, according to the company. BCSB also said the charge has no impact on regulatory capital ratios, and that there will be no tax benefit associated with this charge.

BCSB said the determination of the impairment charge followed the company’s annual review of its goodwill which was performed by a third party.

Baltimore-based BCSB is the holding company of Baltimore County Savings Bank, which operates eighteen offices throughout the Baltimore metropolitan area. BCSB

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